TY 2022 Form 990

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
SchDMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

SET INCORPORATED

Employer identification number

38-6104869

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2021

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

Term endowment SchDMd Bullet

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

(ii) Related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....
b	Buildings ....
c	Leasehold improvements	670,765	431,206	239,559
d	Equipment ....
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				239,559

Schedule D (Form 990) 2021

Page 3

Part VII

Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3) Other (A) CORPORATE NOTES	20,079	F
(B) FUNDS HELD FOR PARTICIPANTS	2,183,477	F
(C) INVESTMENT IN SSISA	583,000	F
(D) COMERICA INVEST	14,045,119	F
(E) BOARD DESIGNATED INVESTMENTS	5,180,228	F
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	22,011,903

Part VIII

Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	4,205,391
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2021

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......			1	3,218,376
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a	-1,353,051
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................			2e	-1,353,051
3	Subtract line 2e from line 1..................			3	4,571,427
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................			4c	0
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	4,571,427

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........		1	5,871,720
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................		2e	0
3	Subtract line 2e from line 1...................		3	5,871,720
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................		4c	0
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......		5	5,871,720

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
PART X, LINE 2:	THE INTERNAL REVENUE SERVICE HAS MADE A DETERMINATION THAT THE COMPANY IS EXEMPT FROM TAX UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(9). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE COMPANY AND RECOGNIZE A TAX LIABILITY IF THE COMPANY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COMPANY AND HAS CONCLUDED THAT, AS OF JANUARY 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE COMPANY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.

Return Reference

Explanation

PART X, LINE 2:

THE INTERNAL REVENUE SERVICE HAS MADE A DETERMINATION THAT THE COMPANY IS EXEMPT FROM TAX UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(9). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE COMPANY AND RECOGNIZE A TAX LIABILITY IF THE COMPANY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COMPANY AND HAS CONCLUDED THAT, AS OF JANUARY 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE COMPANY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.

Schedule D (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

SET INCORPORATED

Employer identification number

38-6104869

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11B	A REVIEW OF THE RETURN WILL BE PERFORMED BY THE CONTROLLER AND CHIEF FINANCIAL OFFICER OF THE COMPANY.
FORM 990, PART VI, SECTION B, LINE 12C	THE COMPANY EXPECTS THAT ALL ITS DIRECTORS AND OFFICERS ARE AND WILL REMAIN LOYAL TO, AND WILL OPERATE IN THE BEST INTEREST OF THE COMPANY. COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITORED IN CONJUNCTION WITH ANNUAL PERFORMANCE REVIEWS.
FORM 990, PART VI, SECTION B, LINE 15	ALL EMPLOYEES WERE TRANSFERED TO A RELATED ENTITY DURING 2010. AS SUCH, COMPENSATION DETERMINATION IS NO LONGER THE RESPONSIBILITY OF THE COMPANY.
FORM 990, PART VI, SECTION C, LINE 19	AVAILABLE UPON REQUEST.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

SET INCORPORATED

Employer identification number

38-6104869

Part I

Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity

Part II

Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1)ALLEGAN AREA ESA
(2)ALLEGAN PUBLIC SCHOOLS
(3)ALMA PUBLIC SCHOOLS
(4)ALMONT COMMUNITY SCHOOLS
(5)ALPENA-MONTMORENCY-ALCONA ESD
(6)ANCHOR BAY SCHOOL DISTRICT
(7)ANN ARBOR PUBLIC SCHOOLS
(8)ARENAC-EASTERN SCHOOL DISTRICT
(9)ARMADA AREA SCHOOLS
(10)AUTRAIN-ONOTA PUBLIC SCHOOLS
(11)BAD AXE PUBLIC SCHOOLS
(12)BANGOR PUBLIC SCHOOLS
(13)BARRY ISD
(14)BAY DE NOC COMMUNITY COLLEGE
(15)BEAVERTON RURAL SCHOOLS
(16)BEDFORD PUBLIC SCHOOLS
(17)BELDING AREA SCHOOLS
(18)BELLEVUE COMMUNITY SCHOOLS
(19)BENZIE COUNTY CENTRAL SCHOOLS
(20)BERRIEN SPRINGS PUBLIC SCHOOLS
(21)BLOOMINGDALE PUBLIC SCHOOLS
(22)BLUE WATER MIDDLE COLLEGE ACADEMY
(23)BOYNE FALLS PUBLIC SCHOOL
(24)BRANCH ISD
(25)BRANDON SCHOOL DISTRICT
(26)BRANDYWINE COMMUNITY SCHOOLS
(27)BRITTON DEERFIELD SCHOOLS
(28)BURT TOWNSHIP SCHOOLS
(29)BYRON AREA SCHOOLS
(30)CAMDEN-FRONTIER SCHOOLS
(31)CAPAC COMMUNITY SCHOOLS
(32)CASS CITY PUBLIC SCHOOLS
(33)CASSOPOLIS PUBLIC SCHOOLS
(34)CENTRAL MONTCALM PUBLIC SCHOOLS
(35)CHARLEVOIX- EMMET ISD
(36)CHARLOTTE PUBLIC SCHOOLS
(37)CHEBOYGAN AREA SCHOOLS
(38)CHELSEA SCHOOL DISTRICT
(39)CHIPPEWA HILLS SCHOOL DISTRICT
(40)CHIPPEWA VALLEY SCHOOLS
(41)CLARE-GLADWIN RESD
(42)CLINTON COUNTY RESA
(43)CLIO AREA SCHOOLS
(44)COMSTOCK PARK PUBLIC SCHOOLS
(45)CONCORD COMMUNITY SCHOOLS
(46)COPPER COUNTRY ISD
(47)CORUNNA PUBLIC SCHOOLS
(48)COVERT PUBLIC SCHOOLS
(49)CRAWFORD AUSABLE SCHOOL DISTRICT
(50)DEWITT PUBLIC SCHOOLS
(51)DICKINSON-IRON ISD
(52)DOLLAR BAY-TAMARACK CITY SCHOOLS
(53)DRYDEN COMMUNITY SCHOOLS
(54)DUNDEE COMMUNITY SCHOOLS
(55)EAST JACKSON COMMUNITY SCHOOLS
(56)EAST LANSING PUBLIC SCHOOLS
(57)EASTERN UPPER PENINSULA ISD
(58)ELKTON-PIGEON-BAY PORT LAKER SCHOOLS
(59)ELLSWORTH COMMUNITY SCHOOL
(60)FAIRVIEW AREA SCHOOLS
(61)FENNVILLE PUBLIC SCHOOLS
(62)FITZGERALD PUBLIC SCHOOLS
(63)FLUSHING COMMUNITY SCHOOLS
(64)FOWLER PUBLIC SCHOOLS
(65)FOWLERVILLE COMMUNITY SCHOOLS
(66)FRANKENMUTH SCHOOL DISTRICT
(67)FREMONT PUBLIC SCHOOLS
(68)FRUITPORT COMMUNITY SCHOOLS
(69)GLEN LAKE COMMUNITY SCHOOLS
(70)GOBLES PUBLIC SCHOOLS
(71)GOGEBIC-ONTONAGON ISD
(72)GRAND BLANC COMMUNITY SCHOOLS
(73)GRAND LEDGE PUBLIC SCHOOLS
(74)GRANDVILLE PUBLIC SCHOOLS
(75)GRASS LAKE COMMUNITY SCHOOLS
(76)GREENVILLE PUBLIC SCHOOLS
(77)GWINN AREA COMMUNITY SCHOOLS
(78)HAMILTON COMMUNITY SCHOOLS
(79)HANNAHVILLE INDIAN SCHOOL
(80)HARBOR BEACH COMMUNITY SCHOOLS
(81)HART PUBLIC SCHOOLS
(82)HARTFORD PUBLIC SCHOOLS
(83)HARTLAND CONSOLIDATED SCHOOLS
(84)HASLETT PUBLIC SCHOOLS
(85)HESPERIA COMMUNITY SCHOOLS
(86)HOLLAND PUBLIC SCHOOLS
(87)HOPKINS PUBLIC SCHOOLS
(88)HOUGHTON-PORTAGE TOWNSHIP SCHOOLS
(89)HURON ISD
(90)IDA PUBLIC SCHOOLS
(91)IMLAY CITY COMMUNITY SCHOOLS
(92)INGHAM ISD
(93)INLAND LAKES SCHOOLS
(94)IONIA PUBLIC SCHOOLS
(95)IOSCO RESA
(96)IRONWOOD AREA SCHOOLS
(97)ISHPEMING SCHOOL DISTRICT
(98)JEFFERSON SCHOOLS
(99)JONESVILLE COMMUNITY SCHOOLS
(100)KALKASKA PUBLIC SCHOOLS
(101)KEARSLEY COMMUNITY SCHOOLS
(102)KELLOGGSVILLE - KENT ISD
(103)KELLOGGSVILLE PUBLIC SCHOOLS
(104)KENOWA HILLS PUBLIC SCHOOLS
(105)KENT CITY COMMUNITY SCHOOLS
(106)KENT ISD
(107)KINGSLEY AREA SCHOOLS
(108)KINGSTON COMMUNITY SCHOOLS
(109)LAINGSBURG COMMUNITY SCHOOLS
(110)LAKE CITY AREA SCHOOLS
(111)LAKE FENTON COMMUNITY SCHOOLS
(112)LAKE LINDEN-HUBBELL PUBLIC SCHOOLS
(113)LAKESHORE PUBLIC SCHOOLS
(114)LAKEVILLE COMMUNITY SCHOOLS
(115)L'ANSE AREA SCHOOLS
(116)L'ANSE CREUSE PUBLIC SCHOOLS
(117)LANSING SCHOOL DISTRICT
(118)LAPEER COMMUNITY SCHOOLS
(119)LES CHENEAUX COMMUNITY SCHOOLS
(120)LINCOLN PARK PUBLIC SCHOOLS
(121)MACKINAW CITY PUBLIC SCHOOLS
(122)MADISON PUBLIC SCHOOLS
(123)MADISON SCHOOL DISTRICT
(124)MANISTEE AREA PUBLIC SCHOOLS
(125)MANISTEE ISD
(126)MANTON CONSOLIDATED SCHOOLS
(127)MAPLE VALLEY SCHOOLS
(128)MARCELLUS COMMUNITY SCHOOLS
(129)MARLETTE COMMUNITY SCHOOLS
(130)MARQUETTE-ALGER RESA
(131)MASON COUNTY CENTRAL SCHOOLS
(132)MASON PUBLIC SCHOOLS
(133)MCBAIN RURAL AGRICULTURAL SCHOOLS
(134)MI ASSOCIATION OF SCHOOL ADMINISTRATORS
(135)MI ASSOCIATION OF SCHOOL BOARDS
(136)MI ASSOCIATION RETIRED SCHOOL PERSONNEL
(137)MI ASSOCIATION SECONDARY SCHOOL PRINCIPALS
(138)MI ELEM & MIDDLE SCHOOL PRINCIPALS ASSN
(139)MI PUB SCHOOL EMPLS RETIREMENT
(140)MICHIGAN CENTER SCHOOLS
(141)MICHIGAN SCHOOL BUSINESS OFFICIALS
(142)MICHIGAN VIRTUAL UNIVERSITY
(143)MICHIGAN WORKS
(144)MID MICHIGAN COMMUNITY COLLEGE
(145)MIDLAND COUNTY ESA
(146)MILAN AREA SCHOOLS
(147)MILLINGTON COMMUNITY SCHOOLS
(148)MIO-AUSABLE SCHOOLS
(149)MONA SHORES PUBLIC SCHOOLS
(150)MONROE COUNTY ISD
(151)MONROE PUBLIC SCHOOLS
(152)MONTAGUE AREA PUBLIC SCHOOLS
(153)MONTROSE COMMUNITY SCHOOLS
(154)MORENCI AREA SCHOOLS
(155)MOTT COMMUNITY COLLEGE
(156)MT MORRIS CONSOLIDATED SCHOOLS
(157)NICE COMMUNITY SCHOOL DISTRICT
(158)NAH TAH WAHSH PUBLIC SCHOOL ACADEMY
(159)NAPOLEON COMMUNITY SCHOOLS
(160)NEGAUNEE PUBLIC SCHOOLS
(161)NEW LOTHROP AREA PUBLIC SCHOOLS
(162)NEWAYGO PUBLIC SCHOOLS
(163)NORTH BRANCH AREA SCHOOLS
(164)NORTH CENTRAL AREA SCHOOLS
(165)NORTH MUSKEGON SCHOOLS
(166)NORTHERN ECONOMIC INITIATIVE CORPORATION
(167)NORTHPORT PUBLIC SCHOOL
(168)NORTHVIEW - KENT ISD
(169)NORTHVIEW PUBLIC SCHOOLS
(170)NORTHWEST COMMUNITY SCHOOLS
(171)OAKLAND SCHOOLS
(172)OKEMOS PUBLIC SCHOOLS
(173)OLIVET COMMUNITY SCHOOLS
(174)ONAWAY AREA SCHOOLS
(175)ONEKAMA CONSOLIDATED SCHOOLS
(176)ONSTED COMMUNITY SCHOOLS
(177)ONTONAGON AREA SCHOOLS
(178)OTTAWA AREA ISD
(179)OUTLOOK ACADEMY
(180)OVID-ELSIE AREA SCHOOLS
(181)OWOSSO PUBLIC SCHOOLS
(182)PARCHMENT SCHOOL DISTRICT
(183)PECK COMMUNITY SCHOOLS
(184)PEWAMO-WESTPHALIA COMMUNITY SCHOOLS
(185)PINCKNEY COMMUNITY SCHOOLS
(186)PITTSFORD AREA SCHOOLS
(187)PONTIAC SCHOOL DISTRICT
(188)PORT HURON AREA SCHOOL DISTRICT
(189)PORTLAND PUBLIC SCHOOLS
(190)POSEN CONSOLIDATED SCHOOL DISTRICT #9
(191)RAVENNA PUBLIC SCHOOLS
(192)READING COMMUNITY SCHOOLS
(193)RIVER VALLEY SCHOOL DISTRICT
(194)ROSCOMMON AREA PUBLIC SCHOOLS
(195)ROSEVILLE COMMUNITY SCHOOLS
(196)ROYAL OAK PUBLIC SCHOOLS
(197)RUDYARD AREA SCHOOLS
(198)SANILAC ISD
(199)SAUGATUCK PUBLIC SCHOOLS
(200)SET SEG
(201)SHIAWASSEE RESD
(202)SPRINGPORT PUBLIC SCHOOLS
(203)ST CLAIR CO COMMUNITY COLLEGE
(204)ST CLAIR COUNTY RESA
(205)ST IGNACE AREA SCHOOLS
(206)ST JOSEPH ISD
(207)ST JOSEPH PUBLIC SCHOOLS
(208)ST LOUIS PUBLIC SCHOOLS
(209)STANDISH-STERLING COMMUNITY SCHOOLS
(210)STURGIS PUBLIC SCHOOLS
(211)SUPERIOR CENTRAL SCHOOLS
(212)SUTTONS BAY PUBLIC SCHOOLS
(213)SWARTZ CREEK COMMUNITY SCHOOLS
(214)THREE RIVERS COMMUNITY SCHOOLS
(215)TRAVERSE BAY AREA ISD
(216)TRAVERSE CITY AREA PUBLIC SCHOOLS
(217)TUSCOLA ISD
(218)UBLY COMMUNITY SCHOOLS
(219)UNION CITY COMMUNITY SCHOOLS
(220)UNIONVILLE SEBEWAING AREA SCHOOLS
(221)VAN BUREN ISD
(222)VIRTUAL LEARNING ACADEMY OF ST CLAIR COUNTY
(223)WALKERVILLE PUBLIC SCHOOLS
(224)WASHTENAW EDUCATIONAL OPTIONS CONSORTIUM
(225)WASHTENAW ISD
(226)WAVERLY COMMUNITY SCHOOLS
(227)WEBBERVILLE COMMUNITY SCHOOLS
(228)WELLS TOWNSHIP SCHOOL DISTRICT
(229)WEST IRON COUNTY PUBLIC SCHOOLS
(230)WEST SHORE ESD
(231)WESTERN SCHOOL DISTRICT
(232)WHITE CLOUD PUBLIC SCHOOLS
(233)WHITE PIGEON COMMUNITY SCHOOLS
(234)WHITEFISH TOWNSHIP SCHOOLS
(235)WHITEFORD AGRICULTURAL SCHOOLS
(236)WHITMORE LAKE PUBLIC SCHOOLS
(237)WILLIAMSTON COMMUNITY SCHOOLS
(238)WYANDOTTE PUBLIC SCHOOLS
(239)YALE PUBLIC SCHOOLS
(240)ALLEN PARK PUBLIC SCHOOLS
(241)FLINT COMMUNITY SCHOOLS
(242)HAZEL PARK SCHOOLS
(243)LAKE SHORE PUBLIC SCHOOLS
(244)MATTAWAN CONSOLIDATED SCHOOLS
(245)WEST SHORE COMMUNITY COLLEGE
(246)BRIDGMAN PUBLIC SCHOOL DISTRICT
(247)BRONSON COMMUNITY SCHOOLS
(248)BROWN CITY COMMUNITY SCHOOLS
(249)MECOSTA-OSCEOLA ISD
(250)MERIDIAN PUBLIC SCHOOLS
(251)AKRON-FAIRGROVE SCHOOLS
(252)ALCONA COMMUNITY SCHOOLS
(253)BEAVER ISLAND COMMUNITY SCHOOLS
(254)BIG RAPIDS PUBLIC SCHOOLS
(255)ESSEXVILLE-HAMPTON PUBLIC SCHOOLS
(256)LELAND PUBLIC SCHOOLS
(257)RICHMOND COMMUNITY SCHOOLS
(258)ST JOHNS PUBLIC SCHOOLS
(259)WATERVLIET PUBLIC SCHOOLS
(260)ASHLEY COMMUNITY SCHOOLS
(261)BALDWIN COMMUNITY SCHOOLS
(262)BATTLE CREEK PUBLIC SCHOOL DISTRICT
(263)BRIMLEY AREA SCHOOLS
(264)CALUMET-LAURIUM-KEWEENAW PUBLIC SCHOOLS
(265)ELK RAPID PUBLIC SCHOOLS
(266)HARRISON COMMUNITY SCHOOLS
(267)JACKSON PUBLIC SCHOOLS
(268)LAMPHERE SCHOOLS
(269)LIVONIA PUBLIC SCHOOLS
(270)MASON PUBLIC SCHOOLS
(271)MEMPHIS COMMUNITY SCHOOLS
(272)MENOMINEE AREA PUBLIC SCHOOLS
(273)MENOMINEE ISD
(274)MOTT COMMUNITY COLLEGE - FACULTY
(275)MT PLEASANT PUBLIC SCHOOLS
(276)NORTHERN MICHIGAN UNIVERSITY
(277)NORTHVIEW - KENT ISD
(278)PELLSTON PUBLIC SCHOOLS
(279)PETOSKEY PUBLIC SCHOOLS
(280)ROYAL OAK DEPOSIT CORRECTION
(281)STEPHENSON PUBLIC SCHOOLS
(282)WEST BLOOMFIELD SCHOOL DISTRICT
(283)YPSILANTI PUBLIC SCHOOLS

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2021

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	Yes	No

Schedule R (Form 990) 2021

Page 3

Part V

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

b Gift, grant, or capital contribution to related organization(s) ............................

c Gift, grant, or capital contribution from related organization(s) ............................

d Loans or loan guarantees to or for related organization(s) ............................

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

m Performance of services or membership or fundraising solicitations by related organization(s) .................

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

o Sharing of paid employees with related organization(s) ............................

p Reimbursement paid to related organization(s) for expenses ............................

q Reimbursement paid by related organization(s) for expenses ............................

r Other transfer of cash or property to related organization(s) ............................

s Other transfer of cash or property from related organization(s) ............................

Yes

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved

Schedule R (Form 990) 2021

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Schedule R (Form 990) 2021

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. See instructions.

Return Reference	Explanation

Schedule R (Form 990) 2021

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: TO PROVIDE INSURANCE SERVICES FOR MEMBERS
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	7
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	7
5	Total number of individuals employed in calendar year 2021 (Part V, line 2a) ......	5	0
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	493,452
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	3,372,946	3,361,148
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	678,951	1,204,279
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	16,500	6,000
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	4,068,397	4,571,427
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	0	0
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	5,694,137	5,871,720
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	5,694,137	5,871,720
19	Revenue less expenses. Subtract line 18 from line 12.......	-1,625,740	-1,300,293
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	29,278,085	26,588,669
21	Total liabilities (Part X, line 26).............	5,375,542	5,339,470
22	Net assets or fund balances. Subtract line 21 from line 20.....	23,902,543	21,249,199

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	THE ORGANIZATION ADMINISTERS, SERVICES, AND PROMOTES INSURANCE FOR THE BENEFITS OF EMPLOYEES OF EDUCATIONAL INSTITUTIONS WITHIN THE STATE OF MICHIGAN.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)		(D) Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(1) JEFF CROUSE...................................................................... DIRECTOR - THRU 6/22	1.00 ................. 0.00	X		300	0	0
(2) JANICE HOLZ...................................................................... DIRECTOR	1.00 ................. 0.00	X		1,500	0	0
(3) PETER KUDLAK...................................................................... VICE PRESIDENT	1.00 ................. 0.00	X	X	1,200	0	0
(4) NICK CEGLAREK...................................................................... PRESIDENT	1.00 ................. 0.00	X	X	900	0	0
(5) TINA KERR...................................................................... DIRECTOR	1.00 ................. 0.00	X		1,200	0	0
(6) DONALD WOTRUBA...................................................................... SECRETARY/TREASURER	1.00 ................. 0.00	X	X	1,200	0	0
(7) SHARON IRVINE...................................................................... DIRECTOR	1.00 ................. 0.00	X		600	0	0
(8) SCOTT KOZIOL...................................................................... DIRECTOR	1.00 ................. 0.00	X		1,200	0	0

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	8,100	0	0

(A) Name and business address	(B) Description of services	(C) Compensation
SET SEG INSURANCE SERVICES AGENCY INC 1520 EARL AVENUE EAST LANSING,MI48823	ADMINISTRATIVE SERVICES	4,447,504




2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 1

1a	Federated campaigns..	1a
b	Membership dues..	1b
c	Fundraising events..	1c
d	Related organizations	1d
e	Government grants (contributions)	1e

f	All other contributions, gifts, grants, and similar amounts not included above	1f

g	Noncash contributions included in lines 1a - 1f:$	1g

h Total. Add lines 1a-1f.......

		Business Code
2a	NET ADMINISTRATIVE FEE REVENUE	524298	3,361,148	3,361,148
b
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		3,361,148

3 Investment income (including dividends, interest, and othersimilar amounts) ......			493,452		493,452
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents		6,000	6a
b	Less: rental expenses		0	6b
c	Rental income or (loss)		6,000	6c
d	Net rental income or (loss).......			6,000			6,000
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory	1,121,795	9,534,648	7a
b	Less: cost or other basis and sales expenses	523,159	9,422,457	7b
c	Gain or (loss)	598,636	112,191	7c
d	Net gain or (loss).........			710,827	710,827
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See instructions.....			4,571,427	4,071,975	493,452	6,000

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	4,473
c	Accounting ...........	30,150
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	58,740
12	Advertising and promotion ....	10,000
13	Office expenses .......
14	Information technology ......
15	Royalties ..
16	Occupancy ...........	200,000
17	Travel ............	31,058
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..
23	Insurance ...	54,821
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	ADMINISTRATIVE EXPENSES	5,014,327
b	HEALTH CARE CENTER	440,797
c	TRUSTEE EXPENSE	27,354
d
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	5,871,720
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........				1
2	Savings and temporary cash investments .........			0	2
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			1,893,405	4	1,412,416
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........				7
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......			1,243,603	9	2,566,427
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	670,765
b	Less: accumulated depreciation	10b	431,206	958,541	10c	239,559
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....			24,916,516	12	22,011,903
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			266,020	15	358,364
16	Total assets. Add lines 1 through 15 (must equal line 33)...			29,278,085	16	26,588,669

17	Accounts payable and accrued expenses .....	1,350,234	17	1,134,079
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	4,025,308	25	4,205,391
26	Total liabilities. Add lines 17 through 25..	5,375,542	26	5,339,470

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	23,902,543	27	21,249,199
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	23,902,543	32	21,249,199
33	Total liabilities and net assets/fund balances ........	29,278,085	33	26,588,669